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environment. we may find ourselves in a different in varmint in which they will have less choice. the actuarial estimates are that the fha books of business will more than pay for themselves. what we're looking for them to do is pay for the losses we incurred when we were playing a counter-cyclical role. the phrase i always use, it is inherent to an insurance model. fha does it for a public purpose. there is a point at which -- i have had plenty of economists argue that it is not rational for us to charge today's home buyers more than it costs us to pay for the losses of the past. we had a large, traumatic, national emergency. think of it as the hurricane sandy or hurricane katrina of the housing market. maybe the public sector ought to say -- the economists say we should write the check for the treasury and we should go back to starting the future homebuyers at a price that is rational. the financing mechanism and the like. i think we should do that, with there are limits to how far you can do that. there are limits to what you can do with the pricing. when the private market co
this time rather than the upside, which is going to require hard political choices in an environment as is emphasized in the first panel, were making those choices is much more difficult for our political representatives. >> michael, those are very good with it and not. we are faced with hard choices, a political environment overcome a by leadership is harder today than it was a four. i want to thank you all for coming. we will be doing more of these as part of our oral history project in the future. we should all think the panelists together. [applause] >> looking at very aspects, dealing with the so-called fiscal cliff and today we're going to turn our attention to expiring tax credits that could families and businesses adjoining the sort that discussion is stephen sloan, to start with, could you define frat a tax credit is and how that differs from a taxom deduction? >> guest: post-credits and deductions are used to lower somebody's tax bill. they credit lower somebody's tax bill dollar for dollar. if you say you have the $1000 tax credit come your tax lowere, -- basically a reduc
and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic conversation. [applause] captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> president obama addressed a group of corporate executives today in washington. he talked about negotiations with congressional republicans on deficit reduction and the so-called fiscal cliff. >> the holdup right now is that speaker boehner took a position -- i think the day after the campaign -- that said we're willing to bring in revenue, but we aren't willing to increase rates. and i just explained to you why we don't think that works. we're not trying to -- we're not insisting on rates just out of spite or
environment. we have different politics in some sense. and yet divided government all the same. so there's some similarities and differences and we're going to hear from some wonderful people to talk about that. i'll go in order on my immediate right, ron elving, a george mason adjunct faculty member. his day job is senior washington editor of npr for a number of years. he's on "talk of the nation" among other things an under his direction npr has received numerous awards. he was also the political editor of "usa today" and has written bobbings on the congress. next to him, jackie colmes, a journalist with "the new york times," hopefully she'll be reporting on this event. hopefully. wishful thinking. she's been a longtime reporter not only with "the new york times" but "the wall street journal" on budget and economic matters and tax policy covering the white house and congress. worked for "c.q." herself early on. and next to her, joe min-yard who has been at the scene, behind the days at a number of the -- dice at -- deist at a number of these -- dais at a number of these events. he was
. >> that was the process in 1986. can that happen this day? >> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase tax
is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the u.s. forest service, which is an agency within usda and eachier we -- each year we select that tree from a different forest. this tree is from a small town called meeker, colorado in the white river national forest in the high mountain areas of colorado. and it's a a spruce tree and 73 feet tall and happens to be 74 years old. it's only the third time in colorado's history that colorado has provided the capitol christmas tree and i'm particularly proud of that since i'm a colorado resident. yay, colorado! [cheers and applause] >> we call this the people's tree for good reason and that's because it comes from our public lands, which are owned by al
a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their fulfillment. i would like to call fred smith, the chairman and founder of fedex. he really needs no introduction. but the truth is fedex and what -- p. burns about 1.5000 gallons of fuel per day -- 1.5 billion gallons of fuel per day. oh, per year. [laughter] why would really be a problem. but the truth is that sex, what they have done in our economy is groundbreaking. they are the clipper ships of the modern age. what they see in terms of the economic growth of our country, because they touch every industry, as well as providing the transportation to making our economy grow, i think he is well-suited to discuss this issue. i thank hi
, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking another $7 billion for the same purpose. i commend governor quomeow and governor christie for -- cuomo and governor christie for including strategic needs in their funding request. both of these leaders have demonstrated inble compassion and concern for the people who they represent and have been highly effective in their leadership since the disaster began and it may also include mayor bloomberg, mayor booker and many other local officials that stepped up and did the job they were elected to do. i hope -- i look forward to hearing from our witnesses today. my colleagues who i have the deepest respect for and have been engaged in many conversations with them,
. to marginalize israel. to try to create an environment in which already there is a tremendous effort in the world not only to marginalize israel but to discredit it. i certainly want to call on the icc to deny future membership to a palestinian authority as a non member observer state before any final peace agreement is reached. i believe that should the icc attempts to adjudicate any matter proposed by the palestinians, it should be the policy of the united states to terminate u.s. association. in this effort, we join our colleagues in making sure we send a clear message to the palestinians, police and an enormous amount of money to. they cannot have their offices here -- who we send it enormous amount of money to. they cannot have their offices here if they do not engage in a process where they negotiate peace with the state of israel. if they seek these alternative means, we will not and by and allow the palestinians to obeyed the peace process by pressing their political costard and other means. will not provide financial or political support or offices here in washington. if they are not ser
and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? >> permission to address the house for one minute, mr. speaker, and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. >> mr. speaker, members, as announced earlier by congressman ralph hall, we lost a member of the texas legislature, congressman jack brooks, who proudly served his southeast texas district for 42 years after he was first elected in 1952. mr. green: ultimatelying as dean in this house of representatives and dean of our texas delegation. i knew jack brooks from his -- my days in the state legislature and he was one of my mentors when i first came to th
as the environment, energy, it's an absolute winner, but we have to do it with the least amount of subsidy and god forbid there should be a profit in some of these operations, but i think we could actually achieve that if we work together. so let's take the report together. first of all, the board of directors, in pria we had organizational problems from very top of the board. i asked the question before. we went to a nine-member board and seven members of the board had been appointed, two democrat appointees were lacking. yesterday, i'm told -- yesterday the white house submitted these two nominees. i'm pleased to see that and i hope the senate acts with due speed and get the folks aboard and in place. sometimes it takes a hearing to get action. whether it's implementation of a strategic plan or highlighting that the board should be filled. maybe they did that of their own volition but i'm very pleased that it was done. all right. let's look at the key folks in place, and you divided it into six divisions. i'm very pleased of what you said about possibly not going forward with the commuter activi
because i believed that we needed to continue to have an economic environment, an economic climate that has stability and encourages growth and encourages jobs. i'm sure we can all agree that there is more work that needs to be done. but i'm hopeful in the days, the weeks, the months and the year ahead that we can finally come together, not as democrats and not as republicans, but as americans who are concerned about the future and concerned about that next generation. in doing so, i know that we'll tackle the challenges that our country faces. you know, i'm always proud to tell the people i meet that i represent north dakota. down here in washington, we are the envy of the nation. we have the lowest unemployment in the country, a budget surplus. we're seeing unprecedented economic growth and one of the brightest futures ahead. and to the great people of the state of north dakota, i want to express my deepest gratitude for giving me the opportunity to be north dakota's voice, the voice here in the u.s. house of representatives for the last two years. i'd also like to thank my staff
Search Results 0 to 11 of about 12

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